China No Longer Main Concern for Asia Investors: Pro

China's economic data are no longer the main driver for financial markets in the Asian region as global economic events take precedence over regional concerns, Chris Tinker, equity strategist at Libra Investment, told CNBC.

"The export-orientated demand backdrop has become more important, [they're] now realizing that the rest of the world is much more important to them than people had pretended. It's the global backdrop that the market is very aware of, " Tinker told CNBC Europe's "Squawk Box."

China's latest subdued inflation numbers , in line with expectations, showed that the world's second-largest economy had scope to maneuver, taking the heat off policymakers to act to prevent the long-feared Chinese hard landing. Additionally Chinese exports rose 10 percent year-on-year in September, data released over the weekend showed.

Tinker added that the likelihood of more stimulus from Chinese policymakers had now taken a backseat and it was more a case of "steady as she goes" for the Chinese economy.

Jian Chang, China economist at Barclays, said she expected the People's Bank of China to continue its cautious monetary approach.

"The coming months will see the Chinese government or the PBOC continuing a cautious stance and controlling inflation remaining the top priority. We're not expecting any big bank monetary measures in the medium term, " Chang said.

A pick up in consumerism in China has been touted as essential if China is to avoid a hard landing and even to avoid sluggish growth going forward.

Stephane Deo, global head of asset allocation at UBS, added that the Chinese consumer would be key in the longer term, but there would be no pick up on the horizon.

"The consumer is really the thing we want to see but that's a very long term change. It's not the sort of thing that helps us on a cyclical basis and over the next three months or so the consumer will not pick up, " Deo warned.